Job Evaluation Framework

Financial services organization was looking to re-develop their job evaluation framework to re-establish trust with their leaders in their approach to valuing jobs and guide compensation decisions.
Financial
Industry
$9B
Assets Under Management
700+
Employees
KEY CHALLENGES
Lack of Trust
Business leaders lacked trust in the job evaluation process, seeing it as a “black box” with unclear decision-making. This led to frustration and frequent challenges to job evaluation outcomes.
Struggled to Manage Expectations
HR Business Partners found it challenging to manage expectations from both leadership and the Rewards team, acting as intermediaries but lacking clarity on job evaluation criteria and processes.
Operational Challenges
Rewards team faced workload constraints due to the volume of re-evaluation requests, as job evaluation was just one of many responsibilities, leading to slow turnaround times and frustration among business leaders.
APPROACH
  • Assessed transparency, efficiency, and regulatory concerns through discussions with business leaders, HR Business Partners and Rewards team.
  • Conducted an objective, third-party assessment of sample roles to understand inconsistencies in job leveling and factor application.
  • Identified misalignment in factor weightings, career stream structures, point differentiation and pay equity risks.
  • Developed a pragmatic plan to address issues and restore trust in the job evaluation framework and compensation structure.
OUTCOME

Created practical steps for improving job documentation to increase direct collaboration between business leaders and Rewards team, improve communication in the job evaluation process. Introduced Job Evaluation 101 training to enhance transparency and stakeholder engagement.

Drove progress towards adopting Laulima’s proprietary job evaluation framework, integrating its principles into the existing processes.

KEY OFFERINGS

Compensation Program Design

See how we have supported other clients

VIEW ALL